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My Capital on Tap Review

Last Updated: 22nd February 2022
Link to Capital On Tap Promo Code

As you can see from the email screenshot below, I opened my account with Capital on Tap on the 9th of July 2018:

I run a smallish business in the UK. Actually I'm near retirement, so my turnover is in the tens of thousands each year, rather than the hundreds of thousands that I might need if I was growing the business.

Not a Penny in Interest for me! (or Capital on Tap)

I spend somewhere between £500 and £1,500 a month on various aspects of the business. Since I opened this account, I have used it for all regular subscriptions and also for one-off purchases. As I have it set to take the full balance from my business current account every month, I have literally never paid a penny in interest. So, Capital of Tap have effectively given me the use of their facility for free!

Obviously, if you run your account differently to how I have run mine, your experience would be different. If you don't pay the balance off each month, I assume you would be charged interest on the outstanding amount.

Business or Personal Card?

Before this, I used to pay with my own personal credit card, but I much prefer having a company card to keep business and personal expenses separate. I think it looks a bit better to have a card with my company name on too.

1% Cashback - thank you very much!

Sometime in the last year or so, they actually added a feature (for free) that gets you 1% cashback on anything that you pay for on the card! I have just checked and I've got more than 61,000 points to redeem. That's over £612!

What can I say? In my opinion, Capital on Tap is the best business credit card account I could have possibly had!

I don't know much about the competition, but how could they have possibly improved on my experience over the last four years?

I have never had to contact them for anything to do with my card, so I can't comment on their customer service. I'd hope that it would be good great!

Simple to cash in Points too!

I had never done this before, but requesting cash to my bank account from the points balance was simplicity itself! I think it took about half an hour from when I clicked the button, to this arriving in my bank account:

Refer a Friend Promo Code

One last thing. Once you have opened an account, they let you refer friends or contacts to open an account - and they can get £75 free credit in their account when they do so. So, if you use the promo code that they gave me, you can get £75 in your new account. Full details here.

Capital on Tap™ is a trademark of New Wave Capital Limited – a company registered in England and Wales, registered office No.1 London Bridge, London, England, SE1 9BG, New Wave Capital Limited are regulated by the Financial Conduct Authority (FCA) license number 625592. All information correct as of 06/10/2021. *Actual rate may vary based on your business profile. Representative APR of 39.9% and account opening subject to status. Please visit for current offer details. There are no actual affiliate links on this page, but if you correctly use the Promo Code specified above, NetOnTarget Limited may receive a commission from New Wave Capital Limited if a new account is opened and fully activated.


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